Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129011 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
WIFO Working Papers No. 462
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
This note proposes the continuous treatment approach as a valuable alternative to propensity score matching for evaluating economic effects of mergers and acquisitions (M&As). This framework allows to consider the variation in treatment intensities explicitly, and it does not call for the definition of cut-off values in traded ownership shares in order to construct a binary treatment indicator. We demonstrate the usefulness of this approach using data from European M&As and by relying on the example of post-M&A employment effects.
Schlagwörter: 
Merger and acquisition evaluation
continuous treatment models
generalised propensity score matching
employment effects
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
424.4 kB





Publikationen in EconStor sind urheberrechtlich geschützt.